Funds/Sectoral / Thematic/Kotak Manufacture In India Fund

Kotak Manufacture In India Fund

Kotak Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund maintains a concentrated tilt toward cyclical manufacturing—automobiles, metals, and pharmaceuticals comprise nearly 37% of the portfolio, reflecting conviction in India's industrial growth narrative. The manager's recent substitution of Rubicon Research with quality names like Dixon Technologies and KEI Industries, combined with reduced cash allocation, suggests heightened confidence in capex-driven sectors despite their cyclical nature. This positioning bets on sustained domestic manufacturing momentum and infrastructure spending rather than defensive sectors.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹20.2420	+4.15%	+1.36%	+2.96%	+13.42%	+21.21%	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

21.59%

Top 10 Weight

37.46%

Active Share

—

Large Cap

54.08%

Gini

0.349

What Changed2026-03-31 → 2026-04-30

Holdings: 56 → 58+3 added−1 removed26 weight shifts ≥ 0.1%

Stock	Sector	Weight
Dixon Technologies India Ltd	Consumer Durables	1.88%
KEI Industries Ltd.	Industrial Products	1.46%
Jindal Steel & Power Ltd	Ferrous Metals	1.15%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	SUN PHARMACEUTICAL INDUSTRIES LTD. INE044A01036	Pharmaceuticals and Biotechnology	EQUITY	4.74%
2	Tata Steel Ltd. INE081A01020	Ferrous Metals	EQUITY	4.59%
3	Mahindra & Mahindra Ltd. INE101A01026	Automobiles	EQUITY	4.35%
4	RELIANCE INDUSTRIES LTD. INE002A01018	Petroleum Products	EQUITY	4.02%
5	Hindalco Industries Ltd. INE038A01020	Non - Ferrous Metals	EQUITY	3.89%
6	Bharat Electronics Ltd. INE263A01024	Aerospace and Defense	EQUITY	3.27%
7	TVS Motor Company Ltd. INE494B01023	Automobiles	EQUITY	3.27%
8	Maruti Suzuki India Limited INE585B01010	Automobiles	EQUITY	3.24%
9	Hero MotoCorp Ltd. INE158A01026	Automobiles	EQUITY	3.06%
10	RUBICON RESEARCH LIMITED INE506V01022	Pharmaceuticals and Biotechnology	EQUITY	3.03%
11	Cummins India Ltd. INE298A01020	Industrial Products	EQUITY	2.71%
12	Graphite India Limited. INE371A01025	Industrial Products	EQUITY	2.65%
13	HINDUSTAN PETROLEUM CORPORATION LTD. INE094A01015	Petroleum Products	EQUITY	2.53%
14	Divis Laboratories Ltd. INE361B01024	Pharmaceuticals and Biotechnology	EQUITY	2.44%
15	BHARAT PETROLEUM CORPORATION LTD. INE029A01011	Petroleum Products	EQUITY	2.25%
16	DEE DEVELOPMENT ENGINEEERS LTD INE841L01016	Industrial Manufacturing	EQUITY	2.11%
17	Eicher Motors Ltd. INE066A01021	Automobiles	EQUITY	2.00%
18	Britannia Industries Ltd. INE216A01030	Food Products	EQUITY	1.93%
19	KAYNES TECHNOLOGY LTD INE918Z01012	Industrial Manufacturing	EQUITY	1.91%
20	Dixon Technologies India Ltd INE935N01020	Consumer Durables	EQUITY	1.88%

Sector Allocation

Automobiles15.9%

Pharmaceuticals and Biotechnology15.3%

Petroleum Products10.1%

Industrial Products9.8%

Ferrous Metals5.7%

Non - Ferrous Metals5.7%

Auto Components5.5%

Electrical Equipment5.5%

Industrial Manufacturing5.3%

Cement and Cement Products4.7%

Top 10 sectors by % to NAV. Excludes derivatives.